I just noticed something interesting about how Bitcoin follows the movements of the Nasdaq. Today we saw that classic V-shaped rebound—sharp drop followed by a quick recovery—and the synchronization was quite remarkable.

What caught my attention is that Bitcoin touched the $70k but didn't manage to break through decisively. It’s now at $77.54K according to the latest data, but the pattern remains the same: tactical buys on dips, not a real trend reversal. It’s more a relief than a change in direction.

Bitcoin’s dominance is now at 57%. That indicates capital is concentrating in the main assets rather than dispersing into speculative altcoins. In times of uncertainty, that’s normal—traders retreat to safety.

But here’s the interesting part: despite the rebound in prices, the sentiment remains extremely fearful. There’s a clear disconnect between price action and market psychology. Historically, that can be bullish in the long term, but in the short term, it means sustained volatility.

Macro factors continue to be the culprits. Oil volatility, inflation expectations, bond yields—all of that impacts how Bitcoin behaves. When the Nasdaq rebounds, it indicates risk appetite is returning, but it’s fragile. The S&P 500 rebounded with less volatility, suggesting defensive stabilization rather than speculative expansion.

The key now is whether Bitcoin can hold above $77K. If the Nasdaq keeps making higher highs, there’s a chance Bitcoin will break resistance. But without sentiment normalizing, any rebound could be a mirage.

I’m monitoring three things: whether the Nasdaq maintains momentum, how Bitcoin’s dominance evolves, and if those fear indicators start to improve. Meanwhile, the crypto market remains sensitive to everything happening in traditional markets. Bitcoin is no longer an isolated asset—it’s part of the macro ecosystem.